Aja made a 20% down payment on a house and was approved for a $185,000 mortgage. Therefore, she should expect her closing costs
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Answer:
The probability that a family spends less than $410 per month
P( X < 410) = 0.1151
Step-by-step explanation:
<u><em>Step(i):-</em></u>
<em>Given mean of the population = 500 </em>
<em>Given standard deviation of the Population = 75</em>
Let 'X' be the variable in normal distribution
<em>Given X = $410</em>
<em></em><em></em>
<u><em>Step(ii):-</em></u>
The probability that a family spends less than $410 per month
P( X < 410) = P( Z < - 1.2 )
= 0.5 - A( -1.2)
= 0.5 - A(1.2)
= 0.5 - 0.3849 ( ∵from normal table)
= 0.1151
<u>Final answer:-</u>
The probability that a family spends less than $410 per month
P( X < 410) = 0.1151
Answer:
16 rides
Step-by-step explanation:
Option 1 . Admission fee = $10
Each ride = $0.50
Option 2 . Admission fee = $6
Each ride = $0.75
Let no. of rides be x
So, cost of ride according to option 1 = 0.50x
So, total cost after having x rides according to option 1 :
= 10+0.50x ---1
Cost of ride according to option 2 = 0.75x
So, total cost after having x rides according to option 2 :
= 6+0.75x --2
Now to find the beak even point i.e. having the same cost
Equate 1 and 2
Thus for 16 rides , the two options have the same cost .
Hence the break even point is 16 rides